Nikkei edges down; China economic data gets muted reaction
TOKYO, July 16 (Reuters) - Japan's Nikkei share average edged down on Wednesday after staying nearly flat for most of the session as investors took profits from gains the previous day, while China's economic data received a muted reaction from the market. China's economy expanded by 2.0 percent in the second quarter from the previous quarter, taking annual growth to 7.5 percent. Retail sales and industrial output were either in line with forecasts or slightly higher. The Nikkei ended 0.1 percent lower at 15,379.30 after it closed at a 1-1/2-week high the previous day. The broader Topix was flat at 1,273.59, and the JPX-Nikkei Index 400 was also flat at 11,588.37. Investor risk appetite was curbed after U.S. momentum shares dropped after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about high valuations in those sectors. (Reporting by Ayai Tomisawa; Editing by Jacqueline Wong)
© Thomson Reuters 2017 All rights reserved.